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Nov 12, 2012
11/12
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. >> house speaker john boehner argued against any tax rises -- tax hikes. >> instead of raising taxes on americans, let's begin to solve the problems. let's focus on tax reform, closing the loopholes and tax rates. instead of an arbitrary cuts that will endanger our defense, but consumers about entitling -- short of the entitlement programs. >> in haiti, turn to rains and floods have killed 11 people and left thousands homeless. just two weeks after he was devastated by hurricane sandy, rivers have overflowed, crops have been destroyed, and aid workers say they are in dire need of supplies. >> we have 150 people here with only 12 sacks of bread. they gave us four cases of jews this morning. the world food program brought two packs of cookies for each one. we have handicapped people here, women who give birth last night. we have nothing for them. >> and the york region is continuing its slow recovery, retain sunday -- slow recovery from hurricane sandy. officials say the storm caused more than $50 billion in damages to the new york region, making it the country's costliest storm apart
. >> house speaker john boehner argued against any tax rises -- tax hikes. >> instead of raising taxes on americans, let's begin to solve the problems. let's focus on tax reform, closing the loopholes and tax rates. instead of an arbitrary cuts that will endanger our defense, but consumers about entitling -- short of the entitlement programs. >> in haiti, turn to rains and floods have killed 11 people and left thousands homeless. just two weeks after he was devastated by...
WHUT (Howard University Television)
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Nov 14, 2012
11/12
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WHUT
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obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we negotiate." it will leave a different source of uncertainty on the table, like what would give the people the incentive to come back and do something tough. >> millions of workers in europe have joined a general strike today protesting the wave of spending cuts and tax hikes that has swept the continent in the name of austerity. spanish and portuguese workers are coordinating their strike with work stoppages also planned in greece, italy, france and belgium. we will have more on the strike after headlines. closing arguments have ended in a pretrial hearing to determine whether u.s. staff sergeant robert bales will face a
obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we...
WHUT (Howard University Television)
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Nov 8, 2012
11/12
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WHUT
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on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to curb special interest loopholes and deductions. by working together and creating a simpler, cleaner tax code, we give our country a stronger, healthier economy. >> powerful winter storm again has blasted the northeast, bringing wet snow and strong winds to areas already devastated by last week's superstorm sandy. tens of thousands of homes and businesses lost power along the east coast from the carolinas to new york on wednesday, joining the more than half a million customers who still remain without power in sandy's wake. concerns were raised the storm could
on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of...
WHUT (Howard University Television)
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Nov 9, 2012
11/12
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would reduce job growth by as much as 200,000, far less than the 700,000 cited by house speaker john boehner. more than seven hours 61,000 homes and businesses remained without power on the east coast thursday after a powerful nor'easter knocked out electricity for tens of thousands on top of those still left in the dark by superstorm sandy. the number includes more than 20,000 residents of public housing in new york city, who in some cases also lack heat and running water. three of new york city's hospitals remain closed after losing power during the storm, and there is no current timetable for their reopening. on thursday, new york governor andrew cuomo said economic damage from the storm could reach $50 billion. >> the first cost estimate that i have seen has suggested the storm will cost the region $50 billion in damage and economic loss. the state of new york, about $33 billion in damage and economic loss. that is a staggering number. >> in the face of an ongoing fuel shortage, new york city mayor michael bloomberg has unveiled a new rationing system for the purchase of gas. on thursday
would reduce job growth by as much as 200,000, far less than the 700,000 cited by house speaker john boehner. more than seven hours 61,000 homes and businesses remained without power on the east coast thursday after a powerful nor'easter knocked out electricity for tens of thousands on top of those still left in the dark by superstorm sandy. the number includes more than 20,000 residents of public housing in new york city, who in some cases also lack heat and running water. three of new york...
WHUT (Howard University Television)
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Nov 13, 2012
11/12
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WHUT
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. >> i want to turn to recent comments made by john boehner who argued against any tax hikes as part of the deal to avoid the so-called fiscal cliff. >> instead of raising tax rates on the american people, the damage it would do to our economy, let's start to solve the problem. this focus on tax reform, close special interest loopholes, and lower tax rates. instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> sarah anderson, your response? >> it is crazy to be talking about, as he said, shoring up in time of programs. that is just washington speak for reducing the cost of these programs and limiting access. to think we need to shift the burden onto the backs of the poor and elderly is crazy, when we are in one of the richest countries -- the richest country in the world. our problem is our resources have been misallocated. the approach to the debt should be to look at the ways that we could raise revenue through fair taxation, incl
. >> i want to turn to recent comments made by john boehner who argued against any tax hikes as part of the deal to avoid the so-called fiscal cliff. >> instead of raising tax rates on the american people, the damage it would do to our economy, let's start to solve the problem. this focus on tax reform, close special interest loopholes, and lower tax rates. instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement...
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Nov 9, 2012
11/12
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MSNBCW
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you have a group whether it's mcconnell actually much more explicit than boehner in the senate, or boehner saying we can play around with the tax code to increase revenues but not increase rates. those are pretty unkwif cal lines. the realm of agreement between medicare, defense, et cetera is a widely shared realm. that line in the sand -- when you think from wall street and a business perspective seems far too bright given somebody has to pull back from the brink. >> you're saying that their sides are to distinct -- >> on this one issue. they drew a clear line about an issue is revenue inconsequenceal. you don't get to this by raising taxes on the wealthy. we have made this an issue. >> the president made it an issue. >> in our exit polling where he has the aagreement of people. not necessarily popular because most people would like to see no one's taxes go up but 46% or about said they want it or would be in agreement with meem who make over 250,000. >> the polls aren't important -- what's important is he won a huge election. does that give him a mandate to do everything he ever said? of
you have a group whether it's mcconnell actually much more explicit than boehner in the senate, or boehner saying we can play around with the tax code to increase revenues but not increase rates. those are pretty unkwif cal lines. the realm of agreement between medicare, defense, et cetera is a widely shared realm. that line in the sand -- when you think from wall street and a business perspective seems far too bright given somebody has to pull back from the brink. >> you're saying that...
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Nov 9, 2012
11/12
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FOXNEWS
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that is boehner's bottom line he can't move off of it. he has the get something real on spending. >> bret: that is what republicans never saw in hardcore, on papeer the last negotiations. >> house republicans are skeptical they'll see anything significant about it now or the short term. what is more likely is a short-term compromise and revisit broader tax reform, sometime down the line. they are trying to get out in front of what they see is inevitable. they want to avoid the tax rate that. they see is punitive. and so they are trying to get ahead of that. being open and signaling publicly, celebrateing they're open to additional revenues they come without increases in rates. i don't know if it will end up in a compromise but they will incyst on seeing more from the white house. >> the first back and forth, though, promising? >> it is. each side could have held ground and gone to negotiations without having concedeed anything. boehner has been speaking about revenues and obama has implying he could drop the rates issue to make it revenue
that is boehner's bottom line he can't move off of it. he has the get something real on spending. >> bret: that is what republicans never saw in hardcore, on papeer the last negotiations. >> house republicans are skeptical they'll see anything significant about it now or the short term. what is more likely is a short-term compromise and revisit broader tax reform, sometime down the line. they are trying to get out in front of what they see is inevitable. they want to avoid the tax...
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Nov 10, 2012
11/12
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speaker boehner has control of the house. and majority leader reed reed has his and mcconle the minority leader. you need certain amount of republicans in the senate to come with the president. they have their own power base they are working it is it the triangulation that we will see. who and what form is it the coalition that are need tod pass something. >> welcome to divided government. >> there you g. >> in this setting right now. everybody has an interest in finding a way to making progress and giving the american people what they wanted from all of their leaders some substantive move forward on the big issues that face the country. taxes and spending are on everyoney mind. >> gop's give on taxes. you think the democrats will play fair on entitlements. >> that is on the agenda democrats recognize it is it not only increasing the revenue. you need a balance. both increase in revenue, but you need a cut in spending. >> you can't ignore the path. if we don't reform entitlements, there is it a country that is broke. as long
speaker boehner has control of the house. and majority leader reed reed has his and mcconle the minority leader. you need certain amount of republicans in the senate to come with the president. they have their own power base they are working it is it the triangulation that we will see. who and what form is it the coalition that are need tod pass something. >> welcome to divided government. >> there you g. >> in this setting right now. everybody has an interest in finding a way...
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Nov 9, 2012
11/12
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WBAL
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tears on barack obama's cheeks, looking a bit like john boehner. but now they will battle. for the past four years, republicans have been super- unified, not one defector in some of the biggest fights. now, before his second term even starts, president obama is vowing to get gop allies for this fight. wbal-tv 11 news. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> some breaking news out of baltimore city. a police officer has been suspended without pay. that is according to a police department spokesperson. this is pending a criminal investigation by the fbi. the officer was assigned to the violent crime impact division. he has drawn scrutiny and other alleged misconduct cases. stay with 11 news as we monitor the story for other developments. >> baltimore police officers spend the night knocking on doors in the search for parents of a two-year-old found wandering alone. police have located the child's parents after working with child protective services. the child was found by himself along the 4
tears on barack obama's cheeks, looking a bit like john boehner. but now they will battle. for the past four years, republicans have been super- unified, not one defector in some of the biggest fights. now, before his second term even starts, president obama is vowing to get gop allies for this fight. wbal-tv 11 news. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> some breaking news out of baltimore city. a...
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Nov 9, 2012
11/12
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>> i think boehner is in a tough spot. he gets that but he has a caucus that doesn't want to pass any tax increase. i think he's also a smart enough politician to know that it looks real bad after a while to say, i'm not going to extend it for middle income people because i'm just holding out for the rich. and, you know, boehner is a lot of things but one of the things he is is basically a smart politician. i think he knows that's a bad position but he's got a caucus that's not going to make it easy for him. >> and krystal, you have people saying don't deal with him. paul krugman is saying, let's not make a deal. but at some point, he, being boehner, it's hard to sell that we're not going to give a tax cut to the middle class unless the rich gets it, too? isn't he running up against a political clock here? >> yes, it's a very tough position. voters went to the polls and said they don't buy that position and as e.j. pointed out, the president has tons of leverage here because if nothing happens, all of the bush tax cuts exp
>> i think boehner is in a tough spot. he gets that but he has a caucus that doesn't want to pass any tax increase. i think he's also a smart enough politician to know that it looks real bad after a while to say, i'm not going to extend it for middle income people because i'm just holding out for the rich. and, you know, boehner is a lot of things but one of the things he is is basically a smart politician. i think he knows that's a bad position but he's got a caucus that's not going to...
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Nov 12, 2012
11/12
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boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing to contribute more. as long as they know we the problem. the ying of revenue, we understand. i think there is a very good pro-growth way of putting that place, so you are getting revenues from people like me and other
boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the...
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Nov 10, 2012
11/12
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WTTG
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the other thing is boehner has a real problem. boehner is somewhat of a moderate. he may want to compromise on this. actually boehner and obama individually are incentivized to compromised but face people to the extremes in their parties who will prevent it. if boehner goes too far left, i really think the tea party will toss him right out. >> that's possible, but -- >> the lines are really drawn here, but president obama won the election. doesn't that buy him some capital here? >> oh, sure, and i think the fact that boehner comes right to the table, already doing interviews. republicans have wasted no time led by boehner saying there should be compromise and there's going to be a deal. we'll have to give on something. we might have to give a percent or two, but republicans aren't going to compromise their values. we're in this for the long haul. we believe in low taxes. we're not trading in all of our values because of one election result tuesday. we still hold half the cards in this town. people talk like the republican party is extinct. we control the house of r
the other thing is boehner has a real problem. boehner is somewhat of a moderate. he may want to compromise on this. actually boehner and obama individually are incentivized to compromised but face people to the extremes in their parties who will prevent it. if boehner goes too far left, i really think the tea party will toss him right out. >> that's possible, but -- >> the lines are really drawn here, but president obama won the election. doesn't that buy him some capital here?...
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Nov 10, 2012
11/12
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FOXNEWS
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john boehner didn't want to have any type of grand bargain. he wants to wait for the new congress to be seated. how you do a temporary punt. obama has the leverage. he won re-election. so where we go from here, i think you are going to see a lot of political games next week when congress comes back to town. potentially, we go deep into december. >> the president is holding most of the cards here, he won re-election and the republicans are absolutely terrified of going over the cliff. the tax cuts expire. the president and democrats propose a bill to restore the tax cuts to all but the top bracket and the republicans say, no, no, no. we don't want to do that. we have to restore the tax cuts to the rich people. they don't want to be in that situation, they can't let themselves get in that situation. >> which is why, i think you saw john boehner come out pretty aggressively this week and say he's open to a compromise. the key word in his statement and the statement he made before the election was tax rates. he doesn't want to see the rates go up.
john boehner didn't want to have any type of grand bargain. he wants to wait for the new congress to be seated. how you do a temporary punt. obama has the leverage. he won re-election. so where we go from here, i think you are going to see a lot of political games next week when congress comes back to town. potentially, we go deep into december. >> the president is holding most of the cards here, he won re-election and the republicans are absolutely terrified of going over the cliff. the...
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Nov 13, 2012
11/12
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MSNBC
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look at speaker boehner, he's showing that we need to show leadership. we have to work with the president. they have the message and they'll respond appropriately and you'll see. >> that's very optimistic. i think, i degree with armstrong, the next few weeks whether they got the message or not. we have this big issue coming up with all of these fiscal issues and boehner a year and a half ago, when this came up the last time, he was basically whipped by the tea party wing of his party. so, the real question is, whether he's able to go back to that tea party link and say what armstrong just said, work with the president, some degree on compromise on taxes and raising revenues. i think it's an open question whether he can do that and whether he can succeed in doing that. >> gentlemen, thanks so much. i appreciate your time today. >>> stick around. up next, i got actor and activist ally sheedy waiting in the wings. she'll be with me in a second. >>> welcome back. tens of thousands are still in the dark after hurricane sandy. power crews in new york and new j
look at speaker boehner, he's showing that we need to show leadership. we have to work with the president. they have the message and they'll respond appropriately and you'll see. >> that's very optimistic. i think, i degree with armstrong, the next few weeks whether they got the message or not. we have this big issue coming up with all of these fiscal issues and boehner a year and a half ago, when this came up the last time, he was basically whipped by the tea party wing of his party. so,...
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Nov 15, 2012
11/12
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FOXNEWSW
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speaker boehner all recent days been saying all the right things. it's interesting that today the president didn't really move an inch toward the republicans and speaker boehner had some comments that suggested he is not ready to move towards the president. take a listen thrrvettle are ways to put revenue on the table without increasing tax rates. we have talked about this now for over a year. you could -- there is all kinds of information and data out there. but, getting into the specifics of that at this point would not be conducive to trying to come to an agreement with the white house. >> so the bottom line is that neither side has -- president at his news conference today or john boehner in his conference have gotten into the tough specifics about what's going to happen to taxes, what's going to happen in terms of spending cuts to try to get a big debt cut maybe up to $4 trillion to avoid the so-called fiscal cliff. the president is having leaders in both parties here at the white house on friday. that's when they should start hashing all this
speaker boehner all recent days been saying all the right things. it's interesting that today the president didn't really move an inch toward the republicans and speaker boehner had some comments that suggested he is not ready to move towards the president. take a listen thrrvettle are ways to put revenue on the table without increasing tax rates. we have talked about this now for over a year. you could -- there is all kinds of information and data out there. but, getting into the specifics of...
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Nov 10, 2012
11/12
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boehner talk about not raising rates. so is there some sort of compromise in the difference betwe the ter rates a revenues? >> i done think will is any question. and actually there's a lot of commonality on that issue in the senate. the fact is that folks in the upper income bracket lick me, we ought to eliminate loopholes and those kinds of things that are you really spending in another name. so we can generate more revenues from the upper income by eliminating those tax expenditures which really, again, is just spending in another name. and i think-- bses you can give us an example of how -- >> there are all kind of expenditures there is a home mortgage deduction. charitable contribution, the health care exclusion. and the best way to keep from getting into a political argument over which one is just to cap the amount that people in upper income brackets can take of any of those. let them choose which they want to take. but there's been a lot of discussion in the senate over this. and i think a lot of people have come t
boehner talk about not raising rates. so is there some sort of compromise in the difference betwe the ter rates a revenues? >> i done think will is any question. and actually there's a lot of commonality on that issue in the senate. the fact is that folks in the upper income bracket lick me, we ought to eliminate loopholes and those kinds of things that are you really spending in another name. so we can generate more revenues from the upper income by eliminating those tax expenditures...
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Nov 10, 2012
11/12
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WUSA
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president obama and house speaker john boehner seem to be sticking to their guns, those old noncompromising my way or the highway type guns. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> the president says he will reject any deal that does not include asking the wealthy to pay more. that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing that saved northern virginia during the re
president obama and house speaker john boehner seem to be sticking to their guns, those old noncompromising my way or the highway type guns. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >>...
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Nov 11, 2012
11/12
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WBFF
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speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the election, we're opposed because it is bad policy and bad for the patients across this land. we actually must get a handle on this spending in this country and in order to do that, it has to be thr medicare and medicaid reform an social security reform, all three programs under current law are destined for fewer. we need fundamental reforms to save and strengthen and secure the programs for this generation and, future generations, that is what really -- >> the election, yes, you still have the majority in the house but you lost the election on the presidential level, and you will not kill obamacare for the nex
speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the...
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Nov 12, 2012
11/12
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earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a report that the most harmful consequences of the fiscal cliff come from increasing tax rates, and according to ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country." the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half ago: $110 billion in spending cuts - half of it defense-related. it's also a list of tax breaks about to expire that includes: the bush tax cuts, the alternative minimum tax, reduced payroll tax, and the federal unemployment benefit extension. some believe that negotiations come so soon after the election that it may put pressure on republicans to compromise. "it's going to be a disaster if it doesn't get done, and the blame will be on them. they have to compromise - something they didn't do in the last session." when pressed for details as to what ground republicans could give in negotiations, house speake
earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a report that the most harmful consequences of the fiscal cliff come from increasing tax rates, and according to ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country." the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half...
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Nov 11, 2012
11/12
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WMAR
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speaker boehner said tax hik eshehikes aren't acceptable. senator mcconnell the republican leader in senate said that he won't raise taxes to turn off those spending cuts. if senator mcconnell and speaker boehner don't bend, do you still believe the president should go up to the brink. >> here we are, our country has a tremendous debt and deficit problem. we also have a challenge in making sure that we educate our work force, we need to make sure we care for our veterans who need that care today. we need to have research and we need to be able to compete in a global marketplace, those investments are important. everyone who has looked at this, including the supercommittee that i served on, said we need to have revenue as part of the solution to this problem as well as looking at entitlements and spending cuts. what the missing ingredient is revenue. that's what we face right now. if our republican counterparts can step forward with that revenue piece we'll be able to find a solution. >> and if not, go off a cliff? >> well, clearly, we have t
speaker boehner said tax hik eshehikes aren't acceptable. senator mcconnell the republican leader in senate said that he won't raise taxes to turn off those spending cuts. if senator mcconnell and speaker boehner don't bend, do you still believe the president should go up to the brink. >> here we are, our country has a tremendous debt and deficit problem. we also have a challenge in making sure that we educate our work force, we need to make sure we care for our veterans who need that...
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Nov 15, 2012
11/12
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. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult, which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't do enough to cut the deficit. they will have that argument face to face with boehner on friday. >> one of the most frequent criticisms we've heard over the past few years from members on both sides is that you haven't done enough to reach out and build relationships. are there concrete ways that you plan to approach your relationships with congress in the se
. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of...
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i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday expires. and $984 billion in cuts will be triggered. joining me now, andy sullivan and sher a tupletts. what do you expect to come out of the meeting friday and will any real progress made? >> oh, no, but i think the optics will be important. there will beside by side getting their picture taken and i think this will reassure voters and most importantly investors that they are serious about the problem and they want t to get something done before the end of the year. they've pretty much gotten a free ride from the markets. everybody knew this was co
i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday...
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Nov 10, 2012
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it's bajohn boehner. he needs to decide if he takes this country over the fiscal cliff by refusing to bend on tax cuts for the wealthiest americans. as of now, he still says that tax cuts are off the table. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about it? >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> boehner is boxing himself in by taking all tax increases off the table. e today the president repeated his intention to pass a bill keeping the tax cuts on anyone with income under $250,000. >> the senate has already passed a bill doing exactly this. so all we need is action from the house. i've got the pen. ready to sign the bill right away. i'm ready to do it. >> house republicans are going to have a lot of explaining to do if they don't pass tax cut extensions on the american people who need it the most. americans labor coalition made it clear it will s
it's bajohn boehner. he needs to decide if he takes this country over the fiscal cliff by refusing to bend on tax cuts for the wealthiest americans. as of now, he still says that tax cuts are off the table. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about it? >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> boehner is boxing...
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so let boehner be boehner. host: the tax code, changes to the overall tax code next year. how likely is that? guest: i think it's likely. it won't be immediate. you want to get it right as you possibly can but that's a leverage point for john boehner. let's not focus on the latesth rates, we know there are all these other areas where we can begin to grab revenue and pull it back into the government. and i think that's going to give him some leverage but he's going to need that leverage going into this and not be second guessed. host: our first call is from maryland but i want to put this on the table. is michael steele interested in running for governor in 2014? guest: i don't know. i love my state. it's where i was born and i'm not happy with what i see there. a lot of frustration. we've had a lot of spending in the state and a lot of tax increases and i think people are looking for something that is going to be a little different. it's a tough state and -- host: tough state for a republican? guest: tough state for a republican and it's one of those opportunities you have
so let boehner be boehner. host: the tax code, changes to the overall tax code next year. how likely is that? guest: i think it's likely. it won't be immediate. you want to get it right as you possibly can but that's a leverage point for john boehner. let's not focus on the latesth rates, we know there are all these other areas where we can begin to grab revenue and pull it back into the government. and i think that's going to give him some leverage but he's going to need that leverage going...
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. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two sides is as big
. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only...
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boehner, speaker boehner? >> well, i take -- you know, you can flip around what andrea said and turn it on its head. it's a huge challenge but also a huge opportunity. we were talking about legacy before. what a hinge this re-election is. you know, if he had lost in a very practical way, if he had lost, the republicans probably would have repealed obamacare. so his great achievement would have been reduced to rubble, right? instead, it's now up there on the mantel as a great trophy, the great democratic achievement of his first term. you know, him getting re-elected makes the stimulus okay. >> not just of his first term, i mean, that's the great democratic achievement of the last generation. >> yeah, absolutely. so he's got that now, right? and he's now had his vision of having saved the country from the second great depression, ratifying. now he turns to the second term, and he has this opportunity to deal with fiscal cliff. it's a huge problem. if he fails, it could destroy his second term. but if he achieve
boehner, speaker boehner? >> well, i take -- you know, you can flip around what andrea said and turn it on its head. it's a huge challenge but also a huge opportunity. we were talking about legacy before. what a hinge this re-election is. you know, if he had lost in a very practical way, if he had lost, the republicans probably would have repealed obamacare. so his great achievement would have been reduced to rubble, right? instead, it's now up there on the mantel as a great trophy, the...